For Sale · Specialty

5-7 Marsh Road, Conception Harbour

5-7 Marsh Road, Conception Harbour, Newfoundland & Labrador A0A1Z0

$189,900 total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

89%

Year Built

1960

About this property

Conception Harbour investment opportunity! This property is directly behind the Post Office off the main highway. The community sits between Avondale and Colliers and is minutes away from Historic Brigus and Cupids, and about 40 minutes from St. John's. The package consists of a larger main house with main floor living room, dining room, kitchen and large back porch. The second floor has two bedrooms and a bathroom. The cottage has two bedrooms, bathroom, and open concept living room, dining room & kitchen area. The cottage has a second level waiting to be developed. The big clincher is the incredible barn measuring 18X 40 with an approximate 16 foot ceiling. An oversized piece of land would be great for another property or extra privacy! The possibilities for this incredible property includes AirBnB, private dwelling, cottage rental and commercial storage just to name a few. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$190K
Down payment30% · $57K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$877

Projected NOI

$11K

Annual cash flow

$571

Cash-on-cash

1.00%

DSCR

1.05

Going-in cap

5.84%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

79,740

Households

32,654

Median income

$132,000

Median age

36

Daytime population

101,065

5-yr growth

6.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 5-7 Marsh Road, Conception Harbour.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.